SPI Daily 22nd February 2010 recap

I’m currently bullish on Markets in the short-term because of the intermediate patterns in the market:- double monthly lows and 3-Quarter 50% level.

US markets are also above the higher timeframe 50% levels.

The SPI isn’t above those levels at the moment (4664) , but based on the closing price in sycom the market will open around the Monthly 50% levels.

A bullish pattern should continue higher on Monday and breakout of the 5-day range and continue upwards.

Premium Report.


SPI Weekly and 5-day pattern

Breakout of the range on Monday should complete the move into 4708 (42 points)….

any further gains will be on the back of US markets.


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